Discussion: The Use Of Contracts To Protect Property Rights
Read the Wrench LLC v. Taco Bell Corporation case in the ″Ethics: Implied-in-Fact Contract Prevents Unjust Result″ Write a 500-word paper using Microsoft Word to address the following questions: What type of intellectual property was at issue in this case? Were these ideas entitled to protection under the law? Explain the difference between an implied-in-law (quasi contract) and an implied-in-fact contract. What type of contract was at issue in this case? Explain what the parties could have done differently to protect their rights and avoid this dispute. Explain how a properly written contract could have been utilized for the licensing and use of the intellectual property to prevent the issue, and provide terms you would recommend be included in such a contract. Identify and explain each of the elements that would have been necessary to form a valid contract.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.